Question on High Tuition…
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Anonymous
But that’s a different question. You have to understand that monopoly cases relate to market concentration (does an entity have an unreasonable share of the market such that it can charge monopoly prices) or price fixing (collusion to fix prices across entities). The other people saying that it’s a private school so they can do whatever they want are wrong, but making a case that there is excessively concentrated market power with a given school or collusion to set prices would be next to impossible. |
Anonymous
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You’d have to prove they were all meeting up for coffee and coordinating tuition…like the Spokane realtors.
You can vote with your wallet when deciding before freshman year. My gripe with our school is they didn’t renew aid after freshman year and have raised tuition $10k in addition to that. I hold a grudge against my daughters school for that. |
Anonymous
| But why is the case tuition is very similar across private schools in dc. Same average cost. Not sure. |
Anonymous
Wait a second. But paying for private school is not like buying underwear that you can easily switch brands. It’s like having an operation with a doctor, then because you realize that operation is expensive you have part of the operation and then switch to another doctor. Doesn’t work like that. If you study for 12 years in place it is reasonable that tuition increase won’t be outrageous. Let’s say 20 percent per year. |
Anonymous
You can check propublica or irs. It’s public information for non religious schools. |
Anonymous
Agree with you. No monopoliy. The question is if the school is transparent enough about the pricing structure such that consumers can have an informed opinion if thee is fraud or waste and can move if the increase in tuition is not justified. |
Anonymous
It’s not even close to an accurate statement . There is a very wide range of tuitions. |
Anonymous
Have you ever noticed that Mercedes BMW and Lexus all have cars in a very similar price range.? Why is it that Honda Toyota and Nissan are all in the same price category? Is this legal? |
Anonymous
When you buy a Mercedes you don’t pay over 12 years and at the third year the price starts rising like crazy. Again. Private education is not like buying blue jeans. |
Anonymous
In the elite schools it’s pretty much close to 60k. Yes rochemabeau is significantly lower closer to 30k. |
Anonymous
No, there is a range between 48 and 60 for the dmv high schools |
Anonymous
On the contrary, what your jeans and your Mercedes and your private school have in common is they are all subject to the free market, and they are also subject to the very real cost of providing that product. In the case of a school, they all have to pay approximately the same salary to each of their teachers that a competing school will have to pay. There is a cost per square foot for real estate that is fairly consistent. And when school A wants to raise their tuition to 58k to cover their expenses, but they notice that school B is getting the job done for 54k, school A just might think twice and go to 56k which appears really close to the tuition from the other school. This is all free market stuff. |
Anonymous
Yes. They are in the free market except that they don’t pay taxes like any normal corporation and they could pass those savings to the parents via lower tuition. Am I missing something? |
Anonymous
Outside the elite schools, yes. But I think religious are even cheaper. But among the elite prices are fairly similar. |
Anonymous
That’s an outrageous thing to say. |